Established in 2008, this blog is an independent, common sense, look at challenges and opportunities in sports and financial investing, with occasional diversions as my mood takes me. I am not a tipster, nor is this a Profit and Loss report either. They are boring.
Friday, 7 October 2016
Scherzer The Schnauzer
Some bonus top analysis from Fizzer on the upcoming Los Angeles @ Washington Nationals game tonight, and some thoughts on the Texas Rangers close-game phenomenon:
Interesting pick for UMPO followers tonight. Washington Nats (SP: Max Scherzer) 2.33 (was 2.46 earlier).
I know Washington are up against my favourite pitcher Clayton Kershaw and their catcher Wilson Ramos is out, but 2.33!!
In his two years at Washington, Scherzer has only started as a Home Dog once (and that was at a price of 1.99). In his career he has only been the home dog 4 times, twice at the Tigers starting at 2.05 and 2.15 and you have to go back to his early days at Arizona in 2009 for the other one, starting at 2.30 (which Arizona won).
Whatever the result, I'd much rather be on Scherzer and the Nats at home at 2.33 or higher than on the Dodgers away at 1.69. Got to feel the market is over reacting to the Nats injury news and that the Dodgers are healthy and perceived to have finished the season well (In reality both teams went 6-4 in their last 10 games. Perception can be a dangerous thing).
As for Texas, I would have been disappointed if you hadn't picked out the September only win profit! All I would say on that is that they had to continue their unbelievable 1-run match result record - going 6-3 in September to make it 36-11 for the year, to achieve their 0.35 units profit. Actual Odds on Texas were much shorter, a 1.72 average versus 1.995 up to the end of August, the market believing they were good in the clutch or never gave in etc. made them no value.
As a reminder, fivethirtyeight.com commented at the end of August "The lesson here is that a team’s record in one-run games tends to regress to the mean. The Rangers are more than 90 percent likely to make the playoffs, but they won’t be able to count on this kind of luck in tight contests when they get there."
I have had a life-long interest in sports and after studying Pure Mathematics with Statistics at secondary school, have been fascinated by odds and probability.
The first system I came up with was a simple one - back the favourite and double up after a loss until a winner. Simple enough in theory, and I told my Dad about it. Not being a betting man himself, he ran it by some of his colleagues, and came home to tell me that it wouldn’t work because a long losing run would mean that the bank would be empty. Then there was always the possibility that the winner would be returned at odds-on, meaning that the total returns would not match the outlay. Not what a ten year old wants to hear! Only slightly daunted, I then went on a search for the Holy Grail, the secret to riches that I knew was out there somewhere. Finally in 2004 I stumbled across an article about Betting Exchanges and four years later I was able to make a steady profit.
'I ended the previous post with "For the record, I am on the Nationals at 2.38" but as their price drifted, I doubled up on my usual stake at 2.52.'
ReplyDeleteIs Cassini (a supposed mathematician) advocating the Martingale?
http://www.betfairprotrader.co.uk/2013/04/martingale-and-other-madness.html